Penguin announced this morning that the company has reached an agreement with the US State Attorneys General to pay $75 million as a settlement for the eBook price fixing claims that have been launched against Apple’s iBookstore.
US authorities have called Apple out for collusion with electronic book publishers, saying that the Cupertino-based company conspired with publishers to raise eBook prices when negotiating iBooks by playing them all against each other and against rival eBook retailer, Amazon.
Here’s Penguin’s official statement on the settlement:
About a month ago, Amazon bought Goodreads, a popular social network for reviewing and recommending books. The reason was obvious: Goodreads in the Kindle Store. But what a new report shows is that the buyout was also a move to steal Goodreads away from a potential partnership with Apple.
The Starbucks Pick of the Week promotion has finally gone digital, allowing you to download free apps and books on your iOS devices without a card or redemption code. All you need now is the Starbucks app, which will allow you to download the latest giveaway when connected to an in-store Wi-Fi network.
Last year, Apple was hit with an antitrust case from the U.S. Department of Justice over the pricing scheme of e-books in Apple’s iBookstore. Since that time, 11 executives at Apple have already been deposed over the issue, but the Department of Justice is demanding Tim Cook be involved, and they just got their way.
U.S. District Judge Denise Cote granted the Justice Department’s request to get Cook to testify on the ebook antitrust case for four hours.
Apple works hard to ensure that inappropriate content doesn’t end up in the wrong hands, and it has strict ratings and approval processes for content distributed through the App Store, the iBookstore, and the iTunes Store. But it would seem the Cupertino company isn’t quite as careful with its social media accounts.
On Sunday night, Apple’s official iBookstore account on Twitter retweeted a lewd message that would certainly get a 17+ rating from the company.
A new Apple patent application purchased by the U.S. Patent & Trademark Office details a new system that may one day allow you to sell or lend on your “used” digital goods, such as iTunes purchases and software you’ve downloaded from the App Store.
Apple details a system that could see used goods sold through their original marketplaces, like those mentioned above, or directly between users.
Walter Isaacson, the author of the best-selling biography about Apple co-founder and former CEO Steve Jobs, will not have to share his notes or testify in an ongoing lawsuit over alleged eBook price fixing between Apple and book publishers.
Lawyers wanted to see Isaacson’s notes from interviews with Jobs in an effort to establish Apple’s agreements with publishers, but Isaacson refused to hand them over, citing a New York law that allows journalists to shield their sources.
The iBookstore might not be the most profitable leg of Apple’s empire, but it is said that Apple doesn’t get into a business if it can’t make a billion dollars off of it… so no surprise that the iBookstore is a billion dollar business, even if it’s not much more than that.
Apple has today introduced a new featured section to the U.S. iTunes Store called “Breakout Books,” which offers a hand-picked collection of self-published iBooks from emerging talents. New books are added “as the begin taking off,” according to the Cupertino company, helping you quickly discover your next great read.
Apple’s iBookstore is reportedly heading to Japan this year, finally delivering its popular e-book store to the ever-growing number of Japanese iPad users. The Cupertino company is said to be in the process of negotiating deals with a “handful” of Japanese publishers to supply a local version of their titles at launch.